Home The BuzzBusiness briefing: 17 June 2013

Business briefing: 17 June 2013

by Executive Staff

Economics and Policy

Iran's newly elected reformist-backed president said Sunday that the country's dire economic problems cannot be solved "overnight," as he took his first steps in consulting with members of the clerically dominated establishment on his new policies.

More from Reuters

 

Saudi Arabia has cut back the number of pilgrims that may perform Haj this year because of construction work aimed at expanding Mecca, said Bandar Hajjar, the Haj minister.

More from AFP

 

Elsewhere in Saudi, export revenues fell almost 6 per cent in March compared with the same period a year ago as the cost of imports surged.

More from The National

 

Tunisia’s fledgling Islamic finance industry could take a 25-40 percent share of the country’s financial sector in five years’ time if necessary rules, consumer education and private investment plans materialize, a new study has found.

More from Reuters

 

Egyptian President Mohamed Mursi has cut all diplomatic ties with Damascus and backed a no-fly zone over Syria.

More from Reuters

 

Companies and Business

Capital inflows into markets in the Middle East and North Africa (MENA) reached $655m during May, according to date from Deutsche Bank, marking the biggest monthly flow of capital into the region in five years.

More from Arabian Business

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